Suntera and Schweizer Treuhand Announce Wealth Sector Acquisitions

Thornbridge is regulated by the UK Financial Conduct Authority and provides investment management and appointed representative services. Suntera said the acquisition will strengthen its UK Fund Services offering, especially in open-ended and liquid funds, and expand its appointed representative and delegated fund management capabilities.

Founded in 2015, Thornbridge serves fund managers with appointed representative and delegated fund management services, including combined solutions, compliance support and related regulatory infrastructure. It is also registered with the National Futures Association as a commodity pool operator and commodity trading advisor through Fundline PCC Limited, a Guernsey-incorporated entity that it owns the core share in and which Suntera already administers. The deal adds 13 UK professionals, along with external consultants and advisers, to Suntera.

Schweizer Treuhand Holding, a Swiss platform for fiduciary and advisory firms using a “Buy, Build & Technologize” approach, has acquired excent AG. Founded in 2006 by board chairman Maximilian A Friedery and board member and CEO Bruno Eugster, excent has offices in Zug, Zurich and Wollerau. About 22 employees provide payroll, accounting, tax, virtual office and corporate advisory services to business and private clients.

Friedery said the holding company brings independent fiduciary firms together while allowing them to retain their identities. He described the acquisition as a good fit that would support excent’s growth and its long-term stability and success.